FTC loses Shire appeal, losing round in fight against citizen petition abuse
An appeals court on Monday upheld a judge’s decision dismissing a lawsuit filed by the U.S. Federal Trade Commission to fight the practice of brand-name drug companies using a government petition system to delay cheaper, generic drugs from coming to ma…
Amazon adds former PepsiCo CEO Indra Nooyi to board
Amazon.com Inc said on Monday it appointed former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director, making her the second woman to be named to the e-commerce giant’s board this month.
Factbox: Pharma company executives to testify at U.S. Senate drug price hearing
Executives from seven of the world’s largest pharmaceutical companies are set to testify about high U.S. prescription drug prices at a U.S. Senate hearing on Tuesday, amid an intensifying focus on the industry’s practices by both political parties.
Trump says ‘signing summit’ with Xi for U.S.-China deal possible soon
U.S. President Donald Trump said on Monday he may soon sign a deal to end a trade war with Chinese President Xi Jinping if their countries can bridge remaining differences, saying negotiators were “very, very close” to a deal.
Indexes end higher as Trump says trade deal near
U.S. stocks ended up but off the day’s highs on Monday after U.S. President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that the two countries were close to a trade deal.
U.S. asks judge to give final approval to settlement with CVS to buy Aetna
The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp to merge with insurer Aetna.
U.S. trial tests claims Roundup weed killer caused cancer
Bayer AG on Monday faced a second U.S. jury over allegations that its popular glyphosate-based weed killer Roundup causes cancer, six months after the company’s share price was rocked by a $289 million verdict in California state court.
Pharma stocks could see turbulence from U.S. Senate drug-price hearing
U.S. healthcare stocks could face more turbulence on Tuesday, after a bumpy early 2019, as top executives from some of the largest pharmaceutical companies are expected to get grilled in the U.S. Senate on the high cost of prescription drugs.
Fed’s Powell heads to Congress amid shifting landscape
Federal Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over his predecessors and courting Democrats and Republicans alike….
Trump talk that U.S.-China trade deal near pushes Wall St. higher
U.S. stocks rose on Monday after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that the two countries were “very, very close” to a trade deal.
